• UBS: Cryptocurrencies are in a 'speculative bubble'

    UBS: Cryptocurrencies and bitcoin are in a 'speculative bubble'

    businessinsider.de 16 Oct '17, 4pm

    UBS says cryptocurrencies currently exhibit many of the characteristics of a bubble. REUTERS/Francois Lenoir USB calls recent cryptocurrency price rally a "speculative bubble" in a note to clients. But investment bank says underlying technology, blockchain, is "akin to investing in th...

  • The electricity required for a single bitcoin trade could power a house for a whole month

    Electricity required for single bitcoin trade could power a house for a month

    businessinsider.de 15 Oct '17, 8am

    A sign announces a proprieter's loyalty to Bitcoins, where they are also accepted for payment, at a pub on April 11, 2013 in Berlin, Germany. Sean Gallup/Getty Images LONDON — Bitcoin transactions use so much energy that the electricity used for a single trade could power a home for a...

  • Forget stealing data — these hackers broke into Amazon's cloud to mine bitcoin -

    Hackers broke into Amazon's cloud to mine bitcoin

    businessinsider.de 08 Oct '17, 1pm

    Jenny Mealing/Flickr Money may not grow on trees, but apparently, it can grow in Amazon Web Services (AWS). A report from the security intelligence group RedLock found at least two companies which had their AWS cloud services compromised by hackers who wanted nothing more than to use ...

  • Bitcoin is closing in on its all-time high

    Bitcoin price is closing in on its all-time high

    businessinsider.de 09 Oct '17, 7pm

    MI Bitcoin is closing in on its all-time high. The price of the red-hot currency was up more than 4% on Monday above $4,800 a coin, less than $200 shy of its all-time high of $4,983, according to data from Markets Insider. Bitcoin hit nearly $5,000 at the beginning of September, but q...

  • Bitcoin is back above $4,500 for the first time in a month

    Bitcoin price back above $4,500

    businessinsider.de 08 Oct '17, 3pm

    LONDON — Bitcoin is at a one month high against the dollar on Sunday as it continues to rise. Bitcoin is up 2.3% to $4,538.90 at 3.30 p.m. BST (10.30 a.m. ET): Markets Insider It marks the first time bitcoin has been above $4,500 since early September and continues a rally that began ...

  • A former Goldman Sachs VP who founded a crypto hedge fund says betting on bitcoin is like betting on the internet

    Bitcoin price is rising but it could be usurped

    businessinsider.de 07 Oct '17, 11am

    Matthew Goetz, a former Goldman Sachs vice president, founded BlockTower Capital this year. Frank Chaparro The cryptocurrency market has exploded this year with over 1,000 digital currencies now on the market. The price of bitcoin, the first and largest cryptocurrency, has captured th...

  • Here's why bitcoin will never replace gold

    Here's why bitcoin will never replace gold

    businessinsider.de 09 Oct '17, 11pm

    Believe it or not, there are upwards of 2,100 digital currencies being traded in the world right now, with a combined market cap of nearly $150 billion, according to Coinranking.com. Obviously not all of these cryptos will survive. We’re still in the early innings. Last month I compar...

  • The head of the IMF says bitcoin is 'too expensive for me at the moment'

    IMF head says bitcoin is 'too expensive for me at the moment'

    businessinsider.de 06 Oct '17, 7pm

    Christine Lagarde, head of the International Monetary Fund. Thomson Reuters Bitcoin is too expensive for one of the most powerful women in finance. Christine Lagarde, the head of the International Monetary Fund, on Friday told CNBC's Sara Eisen that bitcoin is "too expensive for me at...

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